We are Investing in Solar rooftops at Rs. 6 and below per KWh on BOOT basis as well as MW Scale Power Plants

E-mail us at info(@)natgrp.net with your project executive summary and all possible details for a Zero investment proposal.

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REVISED GST RATE FOR CERTAIN GOODS [As per discussions in the 16th GST Council Meeting held on 11th June, 2017]




Chapter / Heading / Sub- heading / Tariff item Description of goods Earlier GST rate approved by the GST Council Revised GST Rate approved by the GST Council
1. 0506,  0507


Bones and horn cores, bone grist, bone meal, etc.; hoof meal, horn meal, etc. 5% 0%
2. 0801 Cashew nut 12% 5%
3. 0801 Cashew nut in shell 12% 5%

[under  reverse charge]

4. 0806 Raisin 12% 5%
5. 1104 Cereal grains hulled 5% 0%
6. 1702 Palmyra jaggery 18% 0%
7. 20

[All goods]

Preparations of vegetables, fruits, nuts or other parts of plants, including pickle, murabba, chutney, jam, jelly 18%/12% 12%
8. 2103,  2103

00, 2103 90


Ketchup & Sauces [other than curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings], Mustard sauces 18% 12%
9. 2103 90 10,

2103 90 30,

2103 90 40

Curry paste; mayonnaise and salad dressings; mixed condiments and mixed seasonings 28% 18%
10. 2106 Bari made of pulses including mungodi 18% 12%
11. 2201 90 10 Ice and snow 12% 5%
12. 2501 Salt, all types 5% 0%
13. 27 Bio gas 12% 5%
14. 28 Dicalcium phosphate (DCP) of animal feed grade conforming to IS specification No.5470 : 2002 12% 0%
15. 30 Insulin 12% 5%
16. 29, 30, 3302 (i)     Menthol and menthol crystals,

(ii)    Peppermint (Mentha Oil),

(iii)  Fractionated / de-terpenated mentha oil (DTMO),

(iv)  De-mentholised oil (DMO),

(v)    Spearmint oil,

(vi)  Mentha piperita oil

18% 12%






Chapter / Heading / Sub- heading / Tariff item Description of goods Earlier GST rate approved by the GST Council Revised GST Rate approved by the GST Council
17. 3304 20 00 Kajal [other than kajal pencil sticks] 28% Nil
18. 3304 20 00 Kajal pencil sticks 28% 18%
19. 3307 Agarbatti 12% 5%
20. 3407 Dental wax 28% 18%
21. 3822 All diagnostic kits and reagents 18% 12%
22. 3926 Plastic beads 28% 12%
23. 3926 90 99 Plastic Tarpaulin 28% 18%
24. 4202 (i)       School satchels and bags other than of leather or composition leather;

(ii)     Toilet cases [4202 12 10];

(iii)    Hand bags and shopping bags of artificial plastic material [4202 22 10], of cotton [4202 22 20], of jute [4202 22 30], vanity bags [4202 22 40];

(iv)    Handbags of other materials excluding wicker work or basket work [4202 29 10].

28% 18%
25. 4820 Exercise books and note books 18% 12%
26. 4823 Kites 12% 5%
27. 4903 Children’s’  picture,  drawing  or  colouring books 12% Nil
28. 57 Coir mats, matting and floor covering 12% 5%
29. 65

[All goods]

Headgear and parts thereof 28% 18%
30. 6703 Human hair, dressed, thinned, bleached or otherwise worked 28% 0%
31. 68 Fly ash blocks 28% 12%
32. 6810 11 90 Pre cast Concrete Pipes 28% 18%
33. 6906 Salt Glazed Stone Ware Pipes 28% 18%
34. 7015 10 Glasses  for  corrective  spectacles  and  flint buttons 18% 12%
35. 71 Rough precious and semi-precious stones 3% 0.25%
36. 7607 Aluminium foil 28% 18%






Chapter / Heading / Sub- heading / Tariff item Description of goods Earlier GST rate approved by the GST Council Revised GST Rate approved by the GST Council
37. 8215 Spoons,    forks,    ladles,    skimmers,    cake servers, fish knives, tongs 18% 12%
38. 8308 All goods, including hooks and eyes 28% 18%
39. 84 Pawan Chakki that is Air Based Atta Chakki 28% 5%
40. 84 Fixed Speed Diesel Engines 28% 12%
41. 4011 Rear Tractor tyres and rear tractor tyre tubes 28% 18%
42. 8708 Rear Tractor wheel rim, tractor centre housing, tractor housing transmission, tractor support front axle 28% 18%
43. 8423         &


Weighing Machinery [other than electric or electronic weighing machinery] 28% 18%
44. 8443 Printers [other than multifunction printers] 28% 18%
45. 8482 Ball bearing, Roller Bearings, Parts & related accessories 28% 18%
46. 8504 Transformers Industrial Electronics 28% 18%
47. 8504 Electrical Transformer 28% 18%
48. 8504 Static Convertors (UPS) 28% 18%
49. 8521 Recorder 28% 18%
50. 8525 CCTV 28% 18%
51. 8525 60 Two-way  radio  (Walkie  talkie)  used  by defence, police and paramilitary forces etc. 28% 12%
52. 8528 Set top Box for TV 28% 18%
53. 8528 Computer monitors not exceeding 17 inches 28% 18%
54. 8539 Electrical Filaments or discharge lamps 28% 18%
55. 8544 Winding Wires 28% 18%
56. 8544 Coaxial cables 28% 18%
57. 8544 70 Optical Fiber 28% 18%
58. 8472 Perforating or stapling machines (staplers), pencil sharpening machines 28% 18%
59. 8715 Baby carriages 28% 18%
60. 9002 Intraocular lens 18% 12%
61. 9004 Spectacles, corrective 18% 12%






Chapter / Heading / Sub- heading / Tariff item Description of goods Earlier GST rate approved by the GST Council Revised GST Rate approved by the GST Council
62. 9017 Instruments for measuring length, for use in the hand (for example, measuring rods and tapes, micrometers, callipers) 28% 18%
63. 9403 Bamboo furniture 28% 18%
64. 9504 Playing cards, chess board, carom board and other board games, like ludo, etc. [other than Video game consoles and Machines] 28% 12%
65. 9506 Swimming pools and padding pools 28% 18%
66. 9603 10 00 Muddhas made of sarkanda and phool bahari jhadoo 5% 0%
67. 9704 Postage    or   revenue    stamps,    stamp-post marks, first-day covers, etc. 12% 5%
68. 9705 Numismatic coins 12% 5%
69. 4823 90 11,

8472, 9101,

9102, 9021

Braille paper, braille typewriters, braille watches, hearing aids and other appliances to compensate for a defect or disability

[These goods are covered in List 32 appended to notification No.12/2012-Customs, dated 17.03.2012 and are already at 5% GST rate (Chapter 90)]






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GST for Solar at 5%, Govt issues clarification

The government will levy a 5 per cent tax on all equipment required for generating solar power compared with nil duty now, a government official clarified, putting an end to confusion about the new taxation policy for the industry after its landmark tax reform.

“All solar equipments and its parts would attract 5 per cent GST only,” Revenue Secretary Hasmukh Adhia said in a tweet on Sunday, contrary to the initially planned two tax slabs of 5 per cent and 18 per cent.

India, the world’s third biggest greenhouse gas emitter, has set a target to produce 100 gigawatts of solar power in five years to fuel its economic expansion while reducing its carbon footprint.

A flat 5 per cent tax on all solar power equipment will put the sector on par with domestic coal from July 1 and make solar energy generation more expensive.

The 5 per cent tax, however, is in contrast to a previous notification that had fixed an 18 per cent tax on photovoltaic cells and panels, which account for a bulk of solar power generation costs.

Domestic coal sales now attract a 11.69 per cent duty. State-run Coal India Ltd, saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of the decision.

A tax on solar parts could hurt the young and booming industry, which relies heavily on cells imported from China. Solar tariffs in India had fallen to a record low of 2.44 rupees ($0.0378) per unit earlier this month.

India is extending capital subsidies and cheaper loans for clean energy to help meet Prime Minister Narendra Modi‘s goal of raising renewable energy capacity by more than five times in the next five years to fight climate change.

Solar power generation capacity in India has more than tripled in less than three years to over 12 GW, helped by lower module prices and borrowing costs. ($1 = 64.5400 Indian rupees)

Source: ET

Posted in Cells & Modules, GST, PV, Solar, Solar PV, Taxes | Tagged , , , , | Leave a comment

GST may push up cost of solar power projects

GST may push up cost of solar power projectsThe goods and services tax may increase solar energy project costs by 12%-18% and generation costs by 40-50 paise per unit, some industry leaders said, although the government said the new taxation regime won’t have much of an impact on them.

However, officials said even if costs increase, it won’t affect project economics because the additional charges can be passed on to customers. “Following GST, solar projects will be about 18% costlier on an average, while cost of generation would go up by around 20%. We have estimated the incidence of GST to be around 23%-25% on various inputs for the segment,” said Ratul Puri, chairman, Hindustan Power Projects.

“It would require project developers to go back to banks for additional funding for projects under construction. It might require a minimum of three months to get additional funding, thus delaying projects.” Power, coal, renewable energy and mines minister Piyush Goyal had said earlier the GST rates would not have much impact on his sectors.

Sunil Jain, CEO at Hero Future Energies, said solar modules, which weren’t taxed earlier, will have an 18% levy, while inverters – a major component in solar projects used to convert direct current into alternating current – would now be taxed at 28% instead of zero. Taxes on cement and other materials have been increased, he added.

“Our calculation suggests that project costs would go up by at least 16% on an average, since electricity has been excluded from GST and thus would not qualify for input tax credit. This translates into a 40-50 paise per unit rise in generation costs,” he said. “The new regime will result in an increase of 18% in module cost, about 12% in inverter cost and 3% in all service costs – increasing overall project cost by about 12%,” said Vinay Rustagi, managing director, Bridge to India, a consulting firm. “New rates would hit more than 10 GW of ongoing utility scale projects and pose a threat to their viability.”

Ashvini Kumar, managing director of Solar Energy Corporation of India, the company that arranges solar project auctions on behalf of governments, doesn’t anticipate any stumbling blocks. “Almost all power purchase agreements include a clause that allows hikes or declines in power generation costs as a result of change in laws – GST in this case – to be passed on to consumers,” Kumar said. “The math behind tariffs quoted by developers in successive auctions thus remains intact since they would be able to pass this on.”

Source: ET

Posted in Anti-Dumping, Grid Interactive Distributed Solar Energy Systems, GST, India, Renewables, SECI, Solar, Solar Policy, Solar PV, Taxes | Tagged , , , , , , , , , , , , , | Leave a comment

Utility-Scale Solar Photovoltaic Power Plants a project Developer’s Guide

India is now a hot bed for Solar globally but is quality a casualty in this race for power, use this document by IFC to ensure that quality is paramount or disaster can strike anytime.

IFC Solar PV Design Guide 2015

Table of Contents






























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Uttar Pradesh government has cancelled the bids conducted in 2016 to procure 3,800 MW of power from independent power producers

 In another setback for power plants languishing without long-term buyers, the Yogi Adityanath-led Uttar Pradesh government has cancelled the bids conducted in 2016 to procure 3,800 MW of power from independent power producers. The decision, according to sources, was taken after the central power ministry and Uttar Pradesh Power Corporation (UPPCL) observed that adequate electricity will be available in the state between FY18 and FY22.

In August last year, in a bid conducted by the UPPCL, 18 power companies were shortlisted to supply electricity under 15-year contracts at a weighted average tariff of Rs 4.16 per unit. Jindal Power, GMR, Adani Power and JSW Energy were among the companies shortlisted. The power was planned to be shared among the six distribution utilities in the state, starting October 2016.

A GMR Energy spokesperson told FE: “The Uttar Pradesh government bid (for 3,800 MW power) was one of the very few case 1 bids (for projects without government subsidy) in the market in recent times. No discom is now coming out with long-term bids. With this cancellation, the hopes (of securing long-term power supply contracts) are dying down.” He said for salvaging the business of power developers, the government must change the regulations for coal allocations, mega power status, etc.

The latest move, analysts said, will drive independent power generators, which are operating below viable capacity utilisation thresholds, to look for other potential avenues to sell power and service debts. While the UP government attributes the decision to an expected improvement in the state’s power situation because it joined the Centre’s “24×7 Power For All” scheme, analysts said cheaper power available in the spot market might also have prompted the move. Spot power prices are ruling at below Rs 3 per unit on the Indian Energy Exchange.

The UP government’s move, analysts said, is symptomatic of the deeper malaise: On the one hand, hardly any power purchase agreements (PPAs) are being signed and now, the bids for new contracts are being cancelled; on the other, plans to set up large thermal power plants are either being put in abeyance or abandoned. The Gujarat government, for instance, recently dropped the plan to set up a 4,000 MW imported coal-based ultra mega power project at Gir Somnath district, apparently because it thinks that upcoming renewable energy units could meet the the power requirement.

About 33,000 MW of thermal power plants, with an approximate investment of about Rs 2 lakh crore, are left stranded across the country due to the lack of PPAs. The low tariffs discovered in the Uttar Pradesh reverse auction were the result of aggressive bidding by power companies, experts said.

Low demand is driving independent power producers to run their plants at low utilisation rates. The plant load factor (PLF) of private sector thermal power plants for FY17 was at 58.5%. A power plant should operate at a minimum PLF of 60% in order to be able to service debts.

Ironically, while the slackening of the power demand is an issue for industry in other parts of the country, against the peak demand of 15,501 MW in FY17, Uttar Pradesh had a shortfall of 1,682 MW. In the power-guzzling summer months last year, the average monthly power cut duration between May and August was 124 hours.

Source: FE

Posted in India, Power Generation, Renewables, Solar, Uttar Pradesh | Tagged , , , , , , , | 2 Comments

Yet another record low for solar power tariffs in India at Rs 2.44 per unit

“Latest solar power auction at Bhadla Solar Park 3 sets new record with electricity tariff of Rs 2.44/unit,” Goyal tweeted on Friday. 

Yet another record low for solar power tariffs in India at Rs 2.44 per unit

Solar power tariffs in India have fallen to a new record low of Rs 2.44 per unit in the just concluded bidding for Bhadla Phase-III Solar Park in Rajasthan, power, coal, renewable energy and mines minister Piyush Goyal said.

“Latest solar power auction at Bhadla Solar Park 3 sets new record with electricity tariff of Rs 2.44/unit,” Goyal tweeted on Friday. Solar Energy Corporation of India (SECI) is developing the 500 MW solar park at Bhadla with Saurya Urja Co. of Rajasthan Renewable Energy Corp. Ltd.

“The auctions began at 2 pm yesterday (Thursday) and have been concluded at 10 am today. The tariffs for the first 200 MW were at Rs 2.44 per unit while the rest 300 MW were at Rs 2.45 per unit,” Ashivini Kumar, Managing Director, SECI told ETEnergyWorld.

Renewable energy firm ACME has bagged 200 MW and SBG Cleantech has bagged the rest 300 MW at Bhadla phase-III. This comes within days of the 250 Megawatt capacity of Bhadla phase IV solar park auction which had received the lowest ever bid till then at Rs 2.62 per unit.

Phelan Energy Group and Avaada Power Private Limited had bagged 50 MW and 100 MW respectively at Rs 2.62 per unit while SBG Cleantech – a joint venture between SoftBank, Bharti Enterprises and Foxconn had bagged 100 MW at Rs 2.63 a unit

Solar power tariffs have gone lower than coal-fuelled thermal power tariffs, the lowest for which stands at Rs 3.20 per unit for NTPC Ltd. “In past 3 years, Government had achieved a record low on the cost of clean energy; moving towards providing 24X7 affordable power for all,” Goyal had tweeted recently.

The previous low solar tariffs of Rs 3.15 per unit had been witnessed on April 13 for the Kadapa Solar Park in Andhra Pradesh for NTPC’s auction of 250 MW.

Prior to that the Rewa Solar Park in Madhya Pradesh saw record low-winning bids of Rs 2.97 per kilowatt-hour (kWh) in February to build a 750 (MW) plant, but the levelised tariff works out to Rs 3.3 per unit for 25 years. The bids were called by Rewa Ultra Mega Power Ltd, a joint venture of Solar Energy Corp. of India Ltd (SECI) and MPUVNL.

Following a review meeting on the progress of key infrastructure sectors including petroleum and natural gas, power, renwable energy and housing on Tuesday, Prime Minister Narendra Modi had lauded India’s performance on renewable energy. India’s capacity addition in solar grew at the highest-ever pace of 81 per cent last fiscal, he said in a tweet.

Source: ET

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Historic Solar Prices till May 2017, now at Rs. 2.44 per KWh

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